2150 Ridge Ave , Philadelphia, PA 19121
Philadelphia, PA 19121
Description
INVESTOR SPECIAL: Welcome to 2150 Ridge Ave, a 3-unit multi-family property in the desirable Sharswood neighborhood! Currently, two of the three units are rented (#1- $700 and #2- $750), generating a potential cash flow of $2,250 per month with a strong 9% cap rate. The vacant unit could be rented as-is for $800/month, however, this property offers an excellent investment opportunity, with the potential to increase rents up to $1,000 per unit with basic cosmetic updates. Additionally, Section 8/PHA approval could nearly double rents to around $1,300 per unit. Conveniently located near public transportation, Brewerytown, grocery stores, laundromats, the Stephen Klein Wellness Center, and more, this property is a prime candidate for maximizing your investment in a rapidly developing area. Don’t miss out!
Details
| MLS# | PAPH2390748 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1915 |
| Days On Site | 39 |
| Listing Provided By | KW Empower | Alexander Frederick |
Features
| SQ Feet | 1,545 |
|---|---|
| Units | 1 |
| Zoning | CMX2 |
| Acreage | 0.02 |
Market Activity 19121
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Learn More About This Property
| State | PA |
|---|---|
| County | Philadelphia |
| City | Philadelphia |
| Zip Code | 19121 |
| Area | 19121 |
| Community Name | Sharswood |
| School District | The School District Of Philadelp |
| Listing VS Median (in Sharswood) | |
Price: $240,000 low | high Med: $120,000 SqFt: 1,545 low | high Med: 1,839 $ / SqFt: $155 low | high Med: $65 On Site: 39 low | high Med: 1665.000000 | |
